Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Old 03-24-2020, 08:10 PM   #121
Dryer sheet wannabe
 
Join Date: Mar 2020
Location: Las Vegas
Posts: 16
Quote:
Originally Posted by W2R View Post
Dow up 2113 points today, before Vanguard completed my transactions, of course!

Oh well. On the bright side, I think I have finally perfected the "Reverse Wheee!!!".
I put the vanguard order in last night and am positive the order was not executed to capture today's jump. But, since I wasn't in an index fund prior, I still am getting in on sale. Right?
__________________

besa is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 03-24-2020, 08:36 PM   #122
Dryer sheet wannabe
 
Join Date: Feb 2012
Location: Dallas
Posts: 17
Quote:
Originally Posted by besa View Post
I put the vanguard order in last night and am positive the order was not executed to capture today's jump. But, since I wasn't in an index fund prior, I still am getting in on sale. Right?
Depends on what you bought. A mutual fund order will execute after the next market close at the closing price. If it's a mutual index fund, no. You got it at this afternoon's close.

If it's an ETF index, it probably executed somewhere near this morning's open.

-- Doug
__________________

DougJohnson is offline   Reply With Quote
Old 03-24-2020, 09:01 PM   #123
Full time employment: Posting here.
 
Join Date: Oct 2012
Location: Reno
Posts: 833
1. I used 8% of cash to buy Fidelity S&P index and Vanguard Total Mkt on 3-20, did some tax loss harvesting (buying equivalent CEFs), and picked up PRU and PPL. PRU was down 17% after I bought until today; now it is up 2%. I'm a bit down on PPL.
2. If we had ubiquitous test availability (even nurses running a fever here in Reno can't get tested) and a serology test to see if one had the COVID and had built immunity, we could simply follow South Korea or Singapore and test, test, test, quarantining those who get sick and tracing contacts for quarantining and testing, with most returning to work after the shut-in period of a month or so.
The serology test would tell us who is almost completely safe for exposure and obviously for working among the public, until we get a vaccine.

But we don't have ubiquitous tests, and many regions did not shut in, so we're fighting a battle with our hands tied behind our back. The spring breakers will now mix with their families. Until we get ubiquitously available testing, we're in big trouble. And a lot of beds (empty hotels) where the exposed or slightly ill can isolate.
Or we can jsut have a big die off, like Patrick seems to think. Like the Spanish flu in the 3rd wave in spring 2019 (and 4th wave), a lot of the population had already had it (and a lot died like one of my greatgrandfathers) so there was herd immunity by the third wave, which wasn't as bad. I don't think we want to go that route.

The critical/death %ages are bad enough if you have sufficient oxygen & Critical Care beds. Once you run out of those......the death rate shoots up to almost Spanish flu levels, given the 10-15% of (identified) cases that turn seriously ill. Without oxygen (or a ventilator if it's critical), you are toast, fast. Same with the Spanish flu--they didn't have ventilators or antibiotics for bacterial secondary pneumonia.


3. Patrick used to be an alt-right radio jock in Houston when I was there and ran as a pro-life conservative, which now seems pretty funny in light of his comments.



Quote:
Originally Posted by DougJohnson View Post
I read that this morning. Yes, he's a Texan. My first thought was that he is crazy. He says and does a lot of things I think are crazy. But there is a certain cold logic to it...

What is the end game here? Obviously, a vaccine. As a wild optimist, that's at least a year away. We can't keep the economy locked down for a year.

What he's suggesting is we keep the most-at-risk of us locked down and let everyone else go back to work and school. They get the virus, some get sick, some really sick, some dead. But they don't get it again. The herd gets immunity and us high risk folks can rejoin the world.

-- Doug
RobLJ is offline   Reply With Quote
Old 03-24-2020, 09:04 PM   #124
Dryer sheet wannabe
 
Join Date: Mar 2020
Location: Las Vegas
Posts: 16
Quote:
Originally Posted by DougJohnson View Post
Depends on what you bought. A mutual fund order will execute after the next market close at the closing price. If it's a mutual index fund, no. You got it at this afternoon's close.

If it's an ETF index, it probably executed somewhere near this morning's open.

-- Doug
But, this afternoon's close was in the ball park of 7k off the market high 2 weeks ago. So, still on sale. Just not at 9k off the high. Make sense?
besa is offline   Reply With Quote
Old 03-24-2020, 10:13 PM   #125
Dryer sheet wannabe
 
Join Date: Nov 2013
Location: Concord
Posts: 13
Quote:
Originally Posted by Montecfo View Post
I have been adding to positions in very small increments on the huge down days.

I look for stocks with long secular growth runways that are beaten up, and some div stalwarts.

The market will bottom well before coronavirus fears are gone. Don't know when that will be but my experience when down this much is hold your nose and buy (or rebalance into) equities.
I’ve been doing the same thing. Lots of great companies that have been beaten up by the herd and the machines. I’ve bought several Porsche’s for the price of a Ford. Wouldn’t be overly surprised if they go Nissan pricing but value always comes back. I’ve been on this train before. The thing is to know when a stock is undervalued and not to panic if it even goes lower. Now if you think a financial collapse is imminent of course act accordingly. I don’t think that time is now. In my opinion this event is a black swan, as they say. It hit fast, hard & unexpectedly. It doesn’t have to do w/ any structural rot that may be in the system. I think it’s a one-off creating a great buying opportunity and I think we will have a quick recovery, not withstanding, crazy volatility. But always manage your risk.
hopeisconstant is offline   Reply With Quote
Old 03-25-2020, 04:02 AM   #126
Recycles dryer sheets
 
Join Date: Aug 2011
Posts: 97
I began to buy this week. I had reduced the stock component of my portfolio to 22% early this year (glad I did) and am buying back in gradually. It is impossible to time the bottom, but missing out on a recovery from a deep fall (even if the recovery only happens 12 or 18 months from now) makes a significant difference to your long-term returns.
boatfishandnature is offline   Reply With Quote
Old 03-25-2020, 04:41 AM   #127
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 24,643
Quote:
Originally Posted by harley View Post
Just out of curiosity, have you ever considered switching from the mutual funds to the ETF versions? I did it just to avoid this very situation. I like the ability to know the price I am buying/selling for. That's assuming there is an ETF alternative. I know things like Wellesley don't have them.
IMO ETFs have been behaving poorly in this panicky market environment - often trading at significant discounts.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 03-25-2020, 05:00 AM   #128
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 25,082
Quote:
Originally Posted by harley View Post
Just out of curiosity, have you ever considered switching from the mutual funds to the ETF versions? I did it just to avoid this very situation. I like the ability to know the price I am buying/selling for. That's assuming there is an ETF alternative. I know things like Wellesley don't have them.
While I'm out of equities right now, when I do get back in I will definitely go with the ETF version rather than the fund version where possible. Though I would often wait until 3pm to do mutual fund trades and look at how the ETF had done for that day to get an idea of what the mutual fund might end up settling at... especially when deciding how much to sell for tax gain/loss purposes.

Though I am considering other ways to partipate in the market with less risk and exposure as it seems that speculation overwhelms investment in today's market with program trading, short selling, etc. And then there is the Fed proping the market up by lowering interest rates so fixed income looks less attractive by comparison. Buying index leap calls instead of the index? Geared index ETFs? Perhaps it is the holy grail.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...target 65/35/0 AA
pb4uski is online now   Reply With Quote
Old 03-25-2020, 05:18 AM   #129
Recycles dryer sheets
latexman's Avatar
 
Join Date: Mar 2014
Location: Apex
Posts: 295
I picked up a little AMLP for $3.25/share. $0.19/Q divvy. That's a 24% return (right now) with a chance to 3-4X in price down the road.

Enter at your own risk.
latexman is offline   Reply With Quote
Old 03-25-2020, 08:03 AM   #130
Thinks s/he gets paid by the post
 
Join Date: Aug 2004
Location: Laurel, MD
Posts: 4,816
Quote:
Originally Posted by COcheesehead View Post
I've been picking up short duration, quality munis. The yields are at levels I haven't seen in a long time for bonds maturing in 3 months to 2 years. 3x-4x CD rates.
Quote:
Originally Posted by Mr._Graybeard View Post
Yes, I'm dipping into that market too. A rated, 4% yield, federal tax exempt. Going out a little longer than you, though, to 2024-2026.
Quote:
Originally Posted by COcheesehead View Post
I have muniís out past 2027 and beyond, but the yields are not as attractive as the shorter durations so that is where I was concentrating my buys, plus I needed to filled the Ď20, Ď21, Ď22 rungs of my ladder. That is where I had the most called bonds. I filled those buckets back up and increased my overall yield by a lot.
I'd like to take advantage of the sale on muni's but the very excellent deals I saw Monday morning are no longer available and I was not prepared to move that quickly. Do you use out of state muni's and do you buy bonds that are priced above par if the YTM/YTW is attractive? What about experience with bonds being called? I'm guessing bonds with less than 5 yrs to maturity don't get called too often.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
jazz4cash is offline   Reply With Quote
Old 03-25-2020, 08:15 AM   #131
Recycles dryer sheets
 
Join Date: Jan 2015
Posts: 242
Quote:
Originally Posted by Dash man View Post
Okay, I decided today to start putting some of my money back to work. This morning I purchased shares of C, CMG, MAR and V.
Is anybody else dipping their toe in and if so, what are you buying?
Yep....Risky....XOM
cnocmmz is offline   Reply With Quote
Old 03-25-2020, 08:15 AM   #132
Thinks s/he gets paid by the post
 
Join Date: Jun 2016
Posts: 3,510
Quote:
Originally Posted by jazz4cash View Post
I'd like to take advantage of the sale on muni's but the very excellent deals I saw Monday morning are no longer available and I was not prepared to move that quickly. Do you use out of state muni's and do you buy bonds that are priced above par if the YTM/YTW is attractive? What about experience with bonds being called? I'm guessing bonds with less than 5 yrs to maturity don't get called too often.
I always use YTW which takes into account a known call date and par discount/premium. I use both my own state and out of state bonds. Which ever gives me the better deal.
If you use a search tool like Fidelityís all this info is at your finger tips.
COcheesehead is offline   Reply With Quote
Old 03-25-2020, 08:39 AM   #133
Thinks s/he gets paid by the post
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 2,521
Today I bought some WMT at $108.83 and also some KO at $41.39, which has a good dividend.
Dash man is online now   Reply With Quote
Old 03-25-2020, 08:59 AM   #134
Thinks s/he gets paid by the post
Mr._Graybeard's Avatar
 
Join Date: Apr 2011
Posts: 1,595
Quote:
Originally Posted by jazz4cash View Post
I'd like to take advantage of the sale on muni's but the very excellent deals I saw Monday morning are no longer available and I was not prepared to move that quickly. Do you use out of state muni's and do you buy bonds that are priced above par if the YTM/YTW is attractive? What about experience with bonds being called? I'm guessing bonds with less than 5 yrs to maturity don't get called too often.
Yes and yes. In this interest rate environment I generally assume the bond will be called. If interest rates start ticking up, that may change. Keep in mind that bonds with a short duration may be several years old when they come up on the secondary market ... some of the bonds on the market are there because the seller anticipated a call.

One thing you want to watch for is bonds that have special calls already in effect -- common with affordable-housing and student-loan paper. I hold a few of those bonds but I wouldn't go in at much above par. The issuers sometimes like to nibble away at that debt, which could hurt if you bought at a significant premium.

I don't get a state income tax break on any in-state bonds I hold, but I buy them anyway because I know the institutions. I bought one from a major regional hospital yesterday, and a GO from a county with a midsized city today.
__________________
Tick tick tick tock goes the clock on the wall as we're dancing the evening away -- Tick Tock Polka
Mr._Graybeard is online now   Reply With Quote
Old 03-25-2020, 10:39 AM   #135
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
target2019's Avatar
 
Join Date: Dec 2008
Posts: 5,859
I bought ADM shares today. These replaced a lot I sold in Dec/2019 for TLH.
target2019 is online now   Reply With Quote
Old 03-25-2020, 10:44 AM   #136
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
JoeWras's Avatar
 
Join Date: Sep 2012
Posts: 5,412
My HSA transfer was in limbo during most of the drop. Talk about luck.

So, why not? I'm almost playing with house money with that luck. Decided on Friday to put 1/3 of my HSA into the 500 index. Beginner's luck again with yesterday's run up, but who knows how this will all come out in the end.
__________________
Retired Class of 2018
Recent graduate to the lumpen slums of cyberspace
JoeWras is online now   Reply With Quote
Old 03-25-2020, 01:29 PM   #137
Full time employment: Posting here.
 
Join Date: Jun 2014
Posts: 904
I'd love to buy in but everything in me says this just doesn't seem right. Yes the govt handed out all kinds of money but to me its a short lived rally and we are looking at a W
karen1972 is offline   Reply With Quote
Old 03-25-2020, 01:34 PM   #138
Thinks s/he gets paid by the post
 
Join Date: Aug 2007
Posts: 1,299
Quote:
Originally Posted by karen1972 View Post
I'd love to buy in but everything in me says this just doesn't seem right. Yes the govt handed out all kinds of money but to me its a short lived rally and we are looking at a W

+1

Wait until we see unemployment numbers and earnings for this quarter.
__________________
Eat, Drink and Be Merry.
tulak is offline   Reply With Quote
Old 03-25-2020, 02:05 PM   #139
Recycles dryer sheets
 
Join Date: Jun 2014
Posts: 192
I bought at 5%, 10%, 20% and 30%. I still am waiting until 40% or May for the next tranche. I dont think it will get there.
Toocold is online now   Reply With Quote
Old 03-26-2020, 10:48 AM   #140
Thinks s/he gets paid by the post
Dash man's Avatar
 
Join Date: Mar 2013
Location: Limerick
Posts: 2,521
I must say, I enjoy these days with six figure portfolio gains far more than the six figure down days!
I think there is a good chance we havenít seen the bottom for the last time, but I donít think itíll go too much lower than it has.
All I did today was put in a limit order for some WMT at 107. Weíll see what happens. Tomorrow may see a drop if itís a short term profit taking kind of day.
__________________

Dash man is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
If you were to buy a kayak, as a semi-novice, what would you buy? simple girl Life after FIRE 28 06-25-2018 05:52 PM
Equities: time to sell or time to buy? MichaelB FIRE and Money 14 11-04-2014 03:29 PM
Buy, buy, buy! Dr. Doom said so. NW-Bound FIRE and Money 16 10-23-2013 04:09 PM
Recession over? Buy, buy, buy? NW-Bound FIRE and Money 42 05-27-2009 04:53 PM
When you buy a car, what age or age range do you usually buy? cloudeleven Other topics 21 05-27-2008 08:20 AM

» Quick Links

 
All times are GMT -6. The time now is 05:21 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
×